Stratec Biomedical AG (ETR:SBS) has been assigned a €56.00 ($65.12) target price by investment analysts at Deutsche Bank AG in a report released on Tuesday, October 24th. The brokerage currently has a “neutral” rating on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 10.14% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the company. Oddo Securities set a €58.00 ($67.44) price target on Stratec Biomedical AG and gave the company a “neutral” rating in a report on Monday, July 24th. Berenberg Bank set a €59.00 ($68.60) price objective on Stratec Biomedical AG and gave the stock a “neutral” rating in a research report on Tuesday, July 25th. Kepler Capital Markets set a €66.00 ($76.74) price objective on Stratec Biomedical AG and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Warburg Research set a €62.00 ($72.09) price objective on Stratec Biomedical AG and gave the stock a “buy” rating in a research report on Tuesday, July 25th. Finally, Oddo Bhf set a €58.00 ($67.44) price objective on Stratec Biomedical AG and gave the stock a “neutral” rating in a research report on Monday, October 23rd. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of €60.50 ($70.35).
Stratec Biomedical AG (SBS) traded down €0.31 ($0.36) during trading hours on Tuesday, hitting €62.32 ($72.47). The company had a trading volume of 5,304 shares, compared to its average volume of 18,300. Stratec Biomedical AG has a 12-month low of €41.30 ($48.02) and a 12-month high of €65.33 ($75.97).
About Stratec Biomedical AG
STRATEC Biomedical AG designs and manufactures solutions for automated processes in the fields of in vitro diagnostics and life sciences. The company operates through two segments, Instrumentation and All Other segments. It offers instrumentation products, such as automated analyzer systems, including THOLOS VMI-100, GEMINI, and GEMINI Combo for use in clinical diagnostics and biotechnology to laboratories, blood banks, and research institutes.
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